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Real Estate Market Highlights

GEO real property market grew by 10.6% in 2017 in comparison with 2016. Annual increase was observed in all quarters, with the highest jump in Q2, 14.2% (QoQ) and 20.0% (YoY).

TBS, with 40.7% share in total sales in 2017 dominated the GEO real property market. TBS market was followed by Ajara with 11.6% and Kakheti with 9.9% shares in GEO sales. Ajara experienced the highest annual increase in the sales number (34.1%). With 84.3% share, market growth in Ajara was mostly driven by increase in transactions recorded in BAT (32.4%).

In 2017, TBS real property sales grew by 15.6%, while overall the market outside TBS – by only 7.5%. More than half of GEO sales were registered in 3 largest cities: TBS, BAT & KUT.

17.04.2018

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ABOUT US

Orbis Realty Ltd , one of the leading and fastest growing real estate companies of Georgia, provides an advanced internet platform to connect local property Sellers with Foreign Buyers. Since 2012, the company offers a reliable & verified database of a diverse range of properties to discerning investors planning to invest in Georgia. We are the straight forward preferred choice for savvy foreign investors looking to enter into the Georgian real estate space.

Mission

Orbis Realty is committed to providing unparalleled real estate services which meet the highest standards of quality, professionalism and transparency. We further commit ourselves in placing the interests of our Clients and their concerns ahead of our own in each and every transaction. We will always consider our relationship with our Clients as a long term partnership.

Vision

The company’s vision is to continuously strive to improve the quality of its real estate services. The company’s goal is to expand its reach and presence in Georgia by opening more regional offices in the next 3 years.